25.07.2015 Views

RISK TAKERS

You also want an ePaper? Increase the reach of your titles

YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.

known that it’s not uncommon for<br />

many companies to request a radius<br />

restriction with the lease agreements<br />

so that another business can’t come<br />

in and sell the same products. While<br />

this makes sense for some areas of<br />

retail, most companies are open to<br />

friendly competition.<br />

LEASING<br />

We’ve all probably wondered how<br />

some of our favorite stores make<br />

their way into West Acres. The mall<br />

currently has a leasing manager that is<br />

constantly in contact with any number<br />

of companies that show interest<br />

in having a presence. There isn’t a<br />

waiting list, per se, but the mall is<br />

constantly in a state of change when it<br />

comes to tenants.<br />

“I think the rule of thumb is that in<br />

any 10 year period, 1/3 of stores will<br />

completely turn over, 1/3 will stay the<br />

same and the other 1/3 will remodel,”<br />

said Heaton.<br />

While you’ve always begged for<br />

your favorite clothing store to hit<br />

the hallways, you may not have<br />

“We find that sometimes if you have<br />

a number of stores in the same<br />

category, all of those stores do better,”<br />

explained Heaton. “You may be<br />

looking for something specific and<br />

go into a store but buy something<br />

you weren’t thinking about. Then you<br />

end up going to the other stores still<br />

looking for the item that you originally<br />

came for and potentially buying more<br />

than you anticipated. So we find that a<br />

little healthy competition helps.”<br />

DAILY OPERATION<br />

According to Barke, West Acres ranks<br />

very high in overall cleanliness and<br />

states that it’s the most important<br />

thing for the mall. Each morning,<br />

employees go through the mall<br />

and make sure everything is up<br />

and operational for tenant arrival.<br />

Bathrooms are cleaned, windows are<br />

wiped, entrances are swept, flowers<br />

are watered and the parking lot is<br />

picked up. Throughout the night, a<br />

cleaning crew focuses on cleaning the<br />

floor and other larger tasks.<br />

Cleanliness is a constant battle<br />

ROUGHLY<br />

1 MILLION SQ FT<br />

INCLUDING THE ANCHOR STORES<br />

311 TREES<br />

ON THE ENTIRE PROPERTY

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!